Start with its own history
At 9.43×, ITUB is 8.6% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · ITUBBanksUpdated Nov 2, 2026
Itaú Unibanco Holding S.A. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
9.43×
8.6% abovethe 10-year annual average
Share price7.17
÷Earnings per share0.76
Price and EPS in quote currency. Calculation details
Investors are paying 9.43 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 8.69×
3-year average7.54×3 positive annual observations
5-year average7.03×5 positive annual observations
10-year average8.69×10 positive annual observations
Peer median · TTM10.84×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 24 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 8.98× | +44.4% |
| Dec 31, 2024 | 6.21× | -16.5% |
| Dec 31, 2023 | 7.44× | +17.1% |
| Dec 31, 2022 | 6.35× | +3.3% |
| Dec 31, 2021 | 6.15× | -56.1% |
| Dec 31, 2020 | 14.01× | +37.7% |
| Dec 31, 2019 | 10.17× | -7.7% |
| Dec 31, 2018 | 11.02× | +19.2% |
View all 24 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 9.24× | +26.0% |
| Dec 31, 2016 | 7.34× | +45.6% |
| Dec 31, 2015 | 5.04× | -30.4% |
| Dec 31, 2014 | 7.24× | -7.6% |
| Dec 31, 2013 | 7.84× | -21.4% |
| Dec 31, 2012 | 9.97× | +27.6% |
| Dec 31, 2011 | 7.81× | -26.6% |
| Dec 31, 2010 | 10.65× | -10.5% |
| Dec 31, 2009 | 11.90× | +3.0% |
| Dec 31, 2008 | 11.56× | -0.2% |
| Dec 31, 2007 | 11.58× | +3.2% |
| Dec 31, 2006 | 11.22× | +30.7% |
| Dec 31, 2005 | 8.59× | +14.3% |
| Dec 31, 2004 | 7.51× | -2.5% |
| Dec 31, 2003 | 7.71× | +42.0% |
| Dec 31, 2002 | 5.43× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How ITUB compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 ITUB This stockItaú Unibanco Holding S.A. | 9.43× |
 BBDBanco Bradesco S.A. | 5.23× |
 BSBRBanco Santander (Brasil) S.A. | 29.20× |
 BDORYBanco do Brasil S.A. | 7.66× |
 SANBanco Santander, S.A. | 9.36× |
 BBVABanco Bilbao Vizcaya Argentaria, S.A. | 10.58× |
 HSBCHSBC Holdings plc | 11.10× |
 SMFGSumitomo Mitsui Financial Group, Inc. | 14.14× |
 DBSDYDBS Group Holdings Ltd | 18.11× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does ITUB’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 10.84×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take ITUB into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("ITUB", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 7.17 ÷ EPS 0.76 = 9.43×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
ITUB P/E ratio: common questions
The essentials behind the numbers.
Itaú Unibanco Holding S.A.'s current P/E is 9.43× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.